CEO Message
Our purpose is to be a pillar of stability for the Greek economy, to fuel growth and to promote innovation. Our footprint in society is positive and lasting, and for the benefit of our customers, our people, our shareholders and society at large, fully reflecting our values.
Our vision is to be the most trusted Bank in Greece, creating value for our shareholders, clients and employees.
Our values:
We create value in all we do
We challenge frontiers
We enthuse our customers
We build relationships of trust
https://www.piraeusbankgroup.com/en/group-profile/vision-and-strategy
Business Model for Sustainable Development
Agenda 2023
Strategic Targets
Specific, measurable targets are set, paving the way to full restoration of its core assets and to increasing profitability.
Satisfying Stakeholders
Piraeus Bank’s top priority.
Sustainable solutions
A comprehensive framework of solutions is being established, which will allow the full development of the Bank’s capabilities, through focused and effective implementation, aiming to create value from all its operations.
Financial
Continuous improvement of the Bank’s fundamentals, through de-risking of the balance sheet and improved efficiency of capital employed.Strong performance in 2019 across the Bank’s operations.
• Net results attributable to shareholders €270 mn compared to €185 mn in 2018.
• Support entrepreneurship with disbursements of new loans of €4.1 bn in Greece.
• NPE reduction by €3 bn in 2019 to €24.5 bn.Human
Modern work environment that promotes open communication, high efficiency and personal growth for Bank employees• Implementation of the platform for the creation of an Individual Development Plan, in the context of the approach to Performance Management (Become & Achieve).
• Actions to enhance work ethic.
• Development of a Job Family Model (JFM), linked with the reward and development program.Productive
Development of infrastructure and resources for the continuous upgrade of the products and services provided by the Bank.Intangible
Utilisation of new technologies for the development of innovative products and services.
Social
Inclusion of social, environmental and cultural aspects in the Bank’s business practices, in order to strengthen social wellbeing and sustainable development.• In 2019, Piraeus Bank supported the effort of young people to enter the job market, through Project Future. 51% of the first graduates (Oct. 2018 - Dec. 2019) have already been placed in the Greek market.
• In 2019, the Piraeus Group Cultural Foundation welcomed 337,266 visitors to its Network Museums and implemented 307 cultural events on its premises.Natural
Practical support for green entrepreneurship, with the continuous reduction of the Bank’s environmental footprint, the implementation of programs for protecting biodiversity and managing climate risk.• Paper and ink consumption decreased by 11% and water consumption by 12% in 2019 compared to 2018.
• In 2019, total electricity consumption decreased by 9% compared to 2018.
• Over the last 5 years, total CO2 emissions have been reduced by 38%.